Snowden to Musk: ‘I Take Payment in Bitcoin’; Big Short Investor Says Audits of Exchanges like Binance and FTX Are ‘Meaningless,’ and More — Week in Review – The Weekly Bitcoin News
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Forward of the vacations and new 12 months, the previous U.S. Nationwide Safety Company (NSA) contractor recognized to the world as a staunch privateness advocate and whistleblower, Edward Snowden, has supplied to step up as the brand new CEO of Twitter after present “Chief Twit” Elon Musk has stated he’s stepping down. In different information from this week, hedge fund supervisor Michael Burry — of “The Big Short” fame — stated that audits of cryptocurrency exchanges like FTX and Binance are “meaningless.” Get caught up on these sizzling tales and way more slightly below on this newest difficulty of the Bitcoin.com News Week in Review.
Elon Musk Guarantees to Step Down as Head of Twitter — Edward Snowden Throws His Title within the Hat for CEO
Tesla CEO and Twitter chief Elon Musk has promised to step down as head of Twitter. Because the billionaire seeks a brand new CEO to run the social media platform, privateness advocate Edward Snowden threw his identify within the hat, stating that he takes cost in bitcoin. “The question is not finding a CEO, the question is finding a CEO who can keep Twitter alive,” Musk clarified.
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New FTX CEO Instructed Members of Congress SBF’s Household ‘Certainly Received Payments’ From the Enterprise
In accordance with a number of studies, FTX co-founder Sam Bankman-Fried’s dad and mom face scrutiny over their reported involvement with their son’s enterprise operations. The two Stanford professors Joseph Bankman and Barbara Fried haven’t been charged with any wrongdoing, however the present FTX CEO, John J. Ray III, just lately instructed members of the U.S. Congress that Joseph Bankman and “the family certainly received payments” from FTX.
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‘Visibly Shaking’ FTX Co-Founder Hammers out a ‘Wasted Day’ in Court docket as Bahamian, US Authorized Staff Prep for Extradition
FTX co-founder Sam Bankman-Fried (SBF) had a troublesome day in court docket on Monday based on quite a lot of accounts that stated SBF’s native legal professional gave the impression to be in battle along with his U.S. authorized staff. Moreover, courtroom studies famous that SBF dozed off for an prolonged time period and needed to be shaken awake by an official.
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Big Short Investor Michael Burry Says Audits of Crypto Exchanges Like Binance and FTX Are ‘Meaningless’
Hedge fund supervisor Michael Burry, famed for forecasting the 2008 monetary disaster, says the issue with auditing cryptocurrency exchanges, like Binance and FTX, is similar as when he began utilizing a brand new type of credit score default swap. “Our auditors were learning on the job,” he described, including that it’s “not a good thing.”
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audits, huge brief, Binance, ftx, John J. Ray III, michael burry, Musk, Sam Bankman-Fried, sbf, SBF court docket, SBF Extradition, snowden, Twitter CEO
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